Energy in public ownership

[Andy_W]

For those who are interested there is currently a Government consultation document out called REMA (Review of Electricity Market Arrangements) due to close 10 October and this has a lot of detail on where things are heading. If you Google it is fairly easy to find on the Government web site. It’s 130 pages but worth having a scan through for background information.

I think I had skimmed through that before, a massive problem is marginal pricing, which has to change, it's ludicrous.

No point having Wind and Solar which can generate at 4p, if we're going to pay out 50p as that's what the nuclear/ gas generator plant is charging (which we don't turn off). I can't even believe that's up for consideration, that's never been a good idea. Of course some schemes/ producers have an agreed rate say 4p, and we would be paying them 50p now or whatever, but they pay us the 46p difference back. It seems daft, just let private schemes have 10% profit or whatever above their demonstratable/ open-book costs (subject to inflation), and public schemes sell at cost, or the profits go back into the coffers.

Think of those with solar panels at home etc, getting paid 3p for their excess solar, going back into the grid, and the solar farm is getting 50p, yet 5p is profitable for them etc.

Will be interesting to see what the consultation comes back with.